Quarterly report pursuant to Section 13 or 15(d)

Consolidated Statements of Operations

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Consolidated Statements of Operations - USD ($)
$ in Thousands, shares in Millions
 3 Months Ended
Mar. 31, 2023
Mar. 31, 2022
Revenues:    
Lease income $ 25,524 $ 27,706
Expenses:    
Operating expenses 3,312 3,273
Depreciation and amortization 4,830 5,336
General and administrative expenses 1,839 2,558
Total expenses 9,981 11,167
Other income:    
Gain on sales of investment properties, net 828 3,651
Other income 786 238
Total other income 1,614 3,889
Net income $ 17,157 $ 20,428
Earnings per certificate – basic and diluted:    
Net income per certificate - basic (in usd per share) $ 0.23 $ 0.27
Net income per certificate - diluted (in usd per share) $ 0.23 $ 0.27
Weighted average number of certificates outstanding – basic (shares) 75.0 75.0
Weighted average number of certificates outstanding – diluted (shares) 75.0 75.0